Rochester, NY 7/16/2009 4:47:17 AM
ORLY - 6.28% Downside Protection Alert for O'Reilly Automotive Stock
O'Reilly Automotive Inc.
O'Reilly Automotive, Inc., ORLY
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O'Reilly Automotive Inc. closed yesterday at $38.20. So far the stock has hit a 52-week low of $20.00 and 52-week high of $40.50. O'Reilly Automotive stock has been showing support around 36.93 and resistance in the 38.91 range. Technical indicators for the stock are Bullish and S&P gives ORLY a neutral 3 STAR (out of 5) hold rating. ORLY appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Nov '09 40 covered call (OQR KH) for a net debit in the $35.80 area. That is also the break even stock price for this trade. This covered call has a 144 day duration, provides 6.28% downside protection and an 11.73% assigned return rate for a 29.74% annualized return rate (comparison purposes only).
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